Shareholders are unfortunately getting 0 if/when this goes thru. Courts have to approve etc but the press release says that the new shares and royalty "to accrue to sprott financing". This is possible because the company is insolvent and defaulted to its creditors. There is 1 secured creditor - sprott financing. They are going to strip out the assets (from the mess) and sell them to Wrlg. Period.
the unsecured creditors - who are owed money before shareholder also appear to be getting shafted.
there is no .03 cents to shareholders.... at least not in this deal that's announced.
there is a class action lawsuit also going on. That is the last hope for shareholder I'm afraid. Or courts not approving but that doesn't make another deal appear and unsecured creditors are next in line anyway.